A Fine Rally Of 5% By Fineotex Chemical Share Price

Fineotex Chemical share price rallied over 5 per cent intraday on the NSE.

At 3.25 pm, Fineotex Chemical share price was up 4.80 per cent at Rs 29.50 on the National Stock Exchange (NSE). The trading volumes on the counter stood at 2,43,512 shares having a total traded value of Rs 71.25 lacs.

According to Dynamic Levels analysts and researchers, Fineotex Chemical belongs to the top 500 shares set for this quarter out of the 1700 plus NSE stocks. The stock has both strong financials and fundamentals.

Fineotex group is one of the leading manufacturers of chemicals for textiles, construction, water-treatment, fertiliser, leather as well as paint industry. The Company also produces adhesives used in several industries like wood, paper etc.

In the year 2011, Fineotex Chemical acquired a major stake in a well-known European founded chemical manufacturing company named ‘Biotex’ located in Malaysia as a joint venture with the European partner.

Fineotex Chemical Balance Sheet {Standalone (in Cr.)}

	Mar-16	Mar-15	Mar-14	Mar-13	Mar-12
	12 mths	12 mths	12 mths	12 mths	12 mths
EQUITIES AND LIABILITIES
SHAREHOLDERS FUNDS
Total Share Capital	22.46	22.46	11.23	11.23	11.23
Total Reserves and Surplus	61.23	48.27	48.88	43.37	38.8
Total Shareholders Funds	83.69	70.73	60.11	54.6	50.03
Total Non-Current Liabilities	0	0	0.73	3.31	5.61
Total Current Liabilities	13.29	14.07	15.22	10.99	8.06
Total Capital And Liabilities	96.98	84.81	76.06	68.9	63.7
Total Non-Current Assets	67.82	34.08	24.25	22.5	20.57
Total Current Assets	29.16	50.72	51.81	46.4	43.13
Total Assets	96.98	84.81	76.06	68.9	63.7

In order to know about the support and resistance levels of the share and also its fundamentals and financials, please a pay a visit to Fineotex Chemical share price history. Fineotex Chemical share price made an intraday high of Rs 30.00 and an intraday low of Rs 28.05. The Lower Price Band is 22.55 and the Upper Price Band is 33.75.